Archive for August, 2009

Libertarians/Fiscal Conservatives: What Are Your Priorities?

Monday, August 24th, 2009

Flywheel asked: I’ve read the economic goals of libertarians and fiscal conservatives, but it’s occurred to me that not all of the goals are mutually inclusive.
For instance, it’s possible to enact a flat tax and lower everyone’s taxes…or you could enact a flat tax and raise everyone’s taxes.
Which of these goals matter the most to [...]

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We are being charged GST on the “debt reduction” portion of our Ont. hydro bill. Is this legitimate?

Friday, August 21st, 2009

zipper asked: Debt reduction is neither a goods or a service, but rather a financial component of the bill.Fransisca Milanese

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Is this a good deal or should I keep asking for a reduction?

Wednesday, August 19th, 2009

First Lady asked: My Boyfriend owes almost $5000 to a Credit Card company. After reading an article about how a guy got a reduction (not settlement with IRS involved) and paid off his credit card debt, I decided to give them a call on behalf of my Bf. Instead of getting a reduction, I got [...]

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IRS form 982 line 10a “basis” Reduction & Attributes Due to Discharge of Indebtedness?

Tuesday, August 18th, 2009

Boyz asked: Example: 4 personal credit card loans settled within weeks of each other with a total forgiveness of approx $45K. Insolvent (total assets less total liabilities) by $ 82K (negative) 1 day before and still insolvent by no less than $52K (negative) after any of the forgiven debts. Checked box 1b and [...]

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HAS ANYONE HEARD OF SIERRA FINANCIAL SOLUTIONS INC. IN FRESNO, CA?

Tuesday, August 11th, 2009

jazl asked: This company is a debt reduction program. I need to know if it is in deed a legit company and not a scam. Has anyone dealt with them or knows anyone that has? They are located in Fresno, Ca
Thanks Tonita Mcpheron

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debt settlement contract question?

Monday, August 10th, 2009

phillip k asked: can anyone explain this statement to me: client agrees to pay a total administrative fee equal to 15% of the total debt placed with ____ regardless of the reduction of the debt amount thereafter.Ferdinand Ravens

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Is the possible reduction of the wall street bailout maximum just a tactic to mislead and deceive the people?

Saturday, August 8th, 2009

Ruby asked: see Yahoo News
http://news.yahoo.com/s/ap/20080924/ap_on_bi_ge/financial_meltdown;_ylt=AriXv0DPs.lPePAQmkOC1W2s0NUE
Remember Section 6 “Maximum Amount of Authorized Purchases.
“… The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding AT ANY ONE TIME.”
Note the words “at any one time”. Will it go down essentially like this.
1. the taxpayer buys up to $xxx amount of toxic instruments [...]

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How can any of you say that GWB left a huge debt for Obama to clean up when BO outspent that in 4 months?

Sunday, August 2nd, 2009

Aunt Acid asked: GWB fought 2 wars and had disasters like Katrina.
BO IS SPENDING FOOLISHLY…
http://www.lookingfit.com/hotnews/house-rep-list-wasteful-stimulus-provisions.html
$2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois. (The Department of Energy took its funding away last year, calling the project was inefficient.)
$246 million tax break for Hollywood movie producers to buy film.
$650 million converter-box [...]

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